JP Morgan - The 'Dimon' Medicine at Work
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Code :LDS0019K
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Region : US |
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THE RISE OF JAMIE DIMON When Jamie Dimon was nine years old, his father asked him and his two brothers what they wanted to be when they grew up. One said he wanted to be a doctor, the other said he was not sure. Jamie’s answer was spontaneous: “I want to be rich.”6 That, in essence, was Jamie Dimon — fast, sure and audacious. He carried this badge wherever he went. At Harvard, his classmates remember him taking on one of the professors regarding interpreting a case study... UNDER SANDY’S SHADOW The Dimon-Weill saga is one of epic proportions. While pursuing his under graduate course at Tufts University, Dimon produced a paper on the Hayden Stone merger. His mother showed the paper to Sandy, who was very appreciative. Later, when Dimon went to seek career advice from him after graduating from Harvard Business School, he convinced Dimon to join him as assistant at American Express... BANK ONE – DIMON COMES INTO HIS OWN When Jamie Dimon left Citigroup, he was unsure what he would do next. As he later told Sun Times columnist Terry Savage: "I had never really thought about my life and what I wanted to do. So I planned this great summer vacation with the whole family. And I made a list of 10 things to do -- and then I did them all, except for climbing Mt. Kilimanjaro. I took boxing lessons, and I drove across the country by myself, and I read every day. Mostly history books... JP MORGAN CHASE & CO JP Morgan Chase was founded in 1823 and had its headquarters in New York City. Its history (Exhibit 3) includes legacy organizations like J.P. Morgan, Chase Manhattan, Chemical Bank of New York, Manufacturers Hanover, Bank One, First Chicago, and National Bank of Detroit. John Pierrepont Morgan, son of successful financier J.S. Morgan, became a partner in his father's firm Drexel, Morgan and Co. in 1856. After the death of J.S. Morgan and Anthony J. Drexel, the other partner of the firm, it was renamed J.P. Morgan and Co. in 1895... |
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THE BANK ONE-JP MORGAN MERGER On January 14, 2004, JPMorgan Chase & Co announced its merger with Bank One Corp in a stock-for-stock22 deal worth $58 billion. This acquisition made it the third largest bank in the US, with 2,300 branches in 17 states...
